NOAH Impact Fund

Tenants reach settlement, set aside $200K to assist renters in NOAH preservation properties

It’s a record award of its kind in nation, housing advocates say. Star Tribune reporter Miguel Otárola reported on Oct. 19, 2017 that former tenants of a 698-unit apartment complex in Richfield and their landlords reached what affordable-housing advocates are calling the largest settlement of its kind in the nation. The settlement resolves a housing… More

Seasons Park in Richfield

Latest way local governments are trying to combat the Twin Cities’ affordable housing crisis

Two apartment complexes in Richfield tell the story of one way local governments are trying to maintain the region’s supply of privately owned affordable housing. One of those complexes, Crossroads — which is now called the Concierge — has been undergoing a significant renovation since being purchased in 2015 by new owners. Many tenants, along… More

NOAH Apartment by Greg Gjerdingen

Editorial: Another way to keep housing affordable

From a June 22, 2017 editorial in the Pioneer Press. Not all affordable housing is government-supported or subsidized. Across the nation and in the Twin Cities, there’s also so-called “naturally occurring” affordable housing — by acronym, NOAH. Much of it includes modest but good-quality apartment complexes built between the World War II era and the 1980s… More

Sold Out: New documentary shares tenant stories, lifts up solutions to loss of affordable housing

Produced by Twin Cities PBS, in partnership with local advocates and funders, “Sold Out: Affordable Housing at Risk” reveals the price we all pay when families are pushed out of our communities as modestly priced units are replaced with upscale developments. In 2015, an ultimatum was given to hundreds of tenants at the Crossroads at… More

Sold Out screening

New documentary captures human cost of Twin Cities’ affordable housing problem

Peter Callaghan of MinnPost covered the “Sold Out” screening and panel discussion with displaced tenants, organizers, nonprofit developer, and GMHF’s Warren Hanson. “Crossroads” was the name of a large, almost-50-year-old apartment complex in Richfield that, in 2015, was purchased, renamed and “upscaled” to bring in higher rents in a tight market. Because of that transformation… More

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Download NOAH Brochure

For more background about the NOAH Impact Fund, please download the NOAH Impact Fund Brochure (PDF).

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About the NOAH Impact Fund

The NOAH Impact Fund is a subsidiary of the Greater Minnesota Housing Fund. This program was established to enable the preservation of existing affordable housing for Minnesotans.

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Greater Minnesota Housing Fund

AERIS Rating 2+FHLB Des MoinesGMHF is AERIS rated and a member of The Federal Home Loan Bank of Des Moines.

 

Staff Contacts

Rachel Robinson
NOAH Impact Fund Manager
rrobinson@gmhf.com
651.221.1997 x114

Warren W. Hanson
President & CEO, GMHF, MEF & NOAH
whanson@gmhf.com
651.221.1997 x107

General Contact Info

NOAH Impact Fund
c/o Greater Minnesota Housing Fund
332 Minnesota Street
Suite 1201-East
Saint Paul, MN 55101